Edison Investment Research

Ultra Electronics Holdings(ULE); order book improves to £933m, maintains FY guidance

Stock up 0.5% to 1,412p at 8:06

The board maintained its previous guidance of a modest progress in underlying revenue and operating profit on a constant currency basis in 2018. The group continues to invest in R&D and capex.

Boku (BOKU); agreement with Paysafe Group for providing carrier billing deposit services

Stock up 1.49% to 102.0p at 08:02

BOKU announced an agreement with Paysafe for providing carrier billing deposit services for its NETELLER and Skrill digital wallet services.

Avanti Communications Group (AVN); raises £0.17 million through open offer

AVN has received valid acceptances from qualifying shareholders for 1,522,932 open offer Shares.

Air Partner (AIR); appointment of Chris Mann as interim CFO

AIR announced the appointment of Chris Mann as interim CFO. Chris will neither be a director nor sit in the board.

Witan Pacific Investment Trust (WPC); NAV total return of 17.3% for the year ended 31 January 2018

Stock flat at 319.0p at 8:19

NAV total return of 17.3% for the year compared to benchmark MSCI AC Asia Pacific Index (17.9%). WPC declared a total dividend of 5.50p per share for the year, an increase of 15.8% YoY. During the year, WPC repurchased 1,769,293 shares into treasury at discounts of 11-17%.

European Assets Trust (EAT); interims: Q1 2018 NAV down 3.7%, marginally underperforms the index

Stock flat at 1,227.5p at 08:12

In sterling terms, the NAV return of -3.7% is marginally behind the EMIX European Smaller Companies (ex UK) Index return of -3.4%.

Circle Property (CRC); valuation up 22.6% YoY; trading update and acquisition

Stock up 0.96% to 157.5p at 8.02

Increase in valuation by 22.6% reflects strong supply-demand dynamics in regional office markets.

Park Group (PKG); growth for FY ended 31 March 2018 to be slightly below market expectations

Stock down 6.75% to 76.00p at 8:00

The board expects results to be lower than market expectations, mainly due to a delay in rolling out of a significant contract in the Corporate business and by costs associated with the recent changes in senior management.

Acorn Income Fund (AIF); ordinary shares NAV rose 19.55% for the year ended 31 December 2017

Stock flat at 437.50p at 8:18

The total return on AIF’s ordinary shares was 34.52%. It outperformed the FTSE Small Cap index (ex investment companies), with a total return of 15.61%, and Numis Smaller Companies (ex investment companies), with a total return of 19.50%. Dividend Distribution for the year increased to 18.0p from 15.5p for 2016.

Target Healthcare (THRL); reports quarterly total NAV return of 2.1% and net initial yield of 6.58%

THRL’s unaudited NAV per share was 105p, generating NAV total return of 2.1% in the quarter ended 31 March 2018. The net initial yield of the portfolio increased to 6.58%, with an average lease term of 28.7 years.